IBM and Tata Become Governing Council ‘Owners’ of Hedera DLT Platform
Thomas Simms's original article for cointelegraph.com reduced by 45%
Public distributed ledger Hedera Hashgraph has announced that IBM and Tata Communications have joined its governing council. Up to 39 multinational entities will make up the Hedera Governing Council. A "Diverse array" of enterprises from telecommunications, retail, law, financial services and technology are now represented on the council, Hedera said.
This governing council will be key in Hedera's success says Leemon Baird, the company's co-founder and chief scientist. "The members of the governing council are the actual owners of the company. They aren't just advisers.
They are Hedera," explained Baird. "Hedera is an LLC that is split 39 ways - 39 companies own it, control it, and make all the decisions." IBM and Tata "Excited" to joinIBM's vice president of blockchain technologies, Jerry Cuomo, described Hedera as the "De facto standard enterprises use to build, manage and deploy blockchain-based ledgers" - adding that he believes the platform could enhance and simplify the deployment of Hyperledger Fabric in enterprise environments.
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